Here's an idea on how to convince people your charts have predictive power without costing you a dime. Have a skeptic make a few charts for you covering some set of parameters you need. You wont know what dates are used or what is being traded (to prevent cheating). You have to look at the charts and then make specific tradable predictions and explain your logic. The rest of the chart is then revealed and we see how often you are right.
I would play this game if people wanted to, but to perfectly honest, I'm really not bothered about convincing anybody who can't see anything here by now. it makes zero difference to me in any material way whether anybody believes me or not, it's between me and the market, the only "proof" is my results, everybody else's talk is cheap really, as with all due respect I would appear to understand a
great deal more about this than most here, thus far anyway. I know plenty of traders who consider themselves skeptics, including me. where are all JREFs traders?
the "usual suspects" here can be as "skeptical" as they like, but
if my account balance continues the steady 2% ish a week growth, then it's really argument over as far as I'm concerned.
It should also be noted that much can see seen when you are actually watching price
action, that is never revealed in static charts afterwards. in particular close observation of the BID/ASK spread behaviour at or around likely turning points.
When I label those ovals "manipulation" and nobody challenges me on it, should I say I am ready for you, if you want to?
because it might not
be manipulation by intent, but it is certainly manipulation of the BID/ASK spread
just prior to the "Shift Bar" and coincidentally just
happens to be at the ultimate top reversal point where everybody gets caught wrongfooted, and half of them have doubled up their stake because they're getting confident now.
when I put an image up like this:
you have to be pretty confident to sit there watching them flicker the price towards your stoploss, spikey twitchy action
designed to elicit powerful emotion in traders who have been watching it go down 3 days in a row now, threatening to break the floor once again at the very lows, it makes the herd want to short, right at the worst
possible time they could.
do we think this is accidental? I don't. because I know where we are in the cycle, I know what I am looking for for a reversal, and I can actually see the manipulation of the BID/ASK spread
live I am looking to take the exact opposite trade to the 90% losers at probably the exact same time.
this then faces me in the same direction as the winners (mostly) and sets up a straight bank transfer between their account and mine if Im right. if they open their stop and let it run into negative, that's a big mistake, account loss coming, as we've now got a whole 3 cycles backwards for them. lulz, I feel bad for them really, Ive been there in a small scale way.
TBH, if these little technical tricks worked well enough to generate decent income, someone could write a bot to do it for them. That would be worth a lot of money. So where are the bots?
I have thought a lot about this, (as you might imagine) but I don't think it would really be possible to simulate what I'm doing with a robot. maybe after 5 more years of doing it I would be able to define everything so tightly as to code it, but I doubt it.
because they aren't little technical tricks, and every single setup will be slightly different and subjective, if you aren't familiar with your position in cycle (and right) you can get chewed up trying to trade like this just like everybody else.
I really don't think you (or we the public) could code this, maybe the people who wrote the marketmaking software we have to trade with could though..
